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2916 Gillis Carson City, NV 89701

3 Beds 2 Baths 1,390 sqft Built 1972

$365,000

List Price

$1,580

$1.4K - $1.7K

Rent Est.

PROPERTY INFO

SINGLE-FAMILY
March 03, 2021 RECENTLY ADDED
FACTS
  • Single Family
  • Built In 1972
  • Price/Sqft : $262.59
  • 6 Days on Market
  • MLS # : 210002590
  • Updated Date : 03/07/2021 at 01:44
CONSTRUCTION
  • Beds : 3
  • Floor Size : 1,390 sqft
  • Baths : 2 full
Listing Agent

Rcm Realty Group

Listing Agent's Description

Cozy living in the heart of Carson City! Beautiful and well cared for home offers 3 bedrooms, 1.75 bathrooms, a bright and open floor plan, and a 2 car garage! Large kitchen offers lots of counter space and an island, perfect for entertaining! Eat-in dining area features French doors leading to the covered patio and private backyard! The cozy, yet spacious, living room features an electric fireplace insert for those cold winter days.

SEE MORE

PRICE & RENT TRENDS

Zip Code: 89701

ZipNIR Market*CityMarket2010Year20002019140k160k180k200k220k240k260k280k300kPrice in $134k312k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Zip Code: 89701

No Data Available.

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Seeliger Elementary School Primary Regular 591 32 5
Eagle Valley Middle School Middle Regular 659 35 NA
Carson High School High Regular 2,157 100 7

Seeliger Elementary School

  • Education Level: Primary
  • # of students: 591
  • # of teachers: 32
5
GreatSchools Rating

Eagle Valley Middle School

  • Education Level: Middle
  • # of students: 659
  • # of teachers: 35
NA
GreatSchools Rating

Carson High School

  • Education Level: High
  • # of students: 2,157
  • # of teachers: 100
7
GreatSchools Rating
 

$328,500$401,500$365,000

PURCHASE PRICE

$1,422$1,738$1,580

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $1,580
EXPENSES Loan Payment -$1,268
Property Tax -$116
Property Insurance -$56
Property Management Fees -$119
CASH FLOW
$21

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$365,000

PROJECTED PRICE

$1,580

PROJECTED RENT

0.43%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 2.50%
Appreciation Year (1-5) 12.3%
Maintenance Year (1-5) 8.00%
Vacancy 6.00%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M$1.6M

PROJECTED ANNUAL CASH FLOW

11530$0.0$5.0k$10k$15k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$200k$400k$600k$800k$1.0M$1.2M$1.4M

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$102,475

INVESTMENT

$102,475

Down Payment
$91,250
Rehab Estimate
$5,750
Closing Costs
$5,475

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 45% down payment or higher enables the proceeds from the asset to cover all costs.

$1,268

MONTHLY LOAN PAYMENT

30 yr
Term
3.75%
Interest
25.00%
Down Payment
Term 30 Years
Interest 3.75%
Down Payment $91,250
Loan Amount $273,750
See What Happens When You Reinvest Cash Flow

5.5

YEARS SAVED

$21,852

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $0

    LIST RENT
  • $0

    LIST RENT PER SQFT
  • $1,751

    COMP ESTIMATED VALUE
  • $1.26

    COMP AVG. RENT PER SQFT
Comps Range
$0
1$02$1,5753$1,6504$1,800
$1,800
RENT COMPS ANALYSIS
  • 2916 Gillis Carson City, NV 1
    • 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1972 3 beds 2 baths ∙ 1,390 Sqft ∙ Built 1972
    property image
    • Rent
    • Rent Per SQFT
    •  
    • $0
    • $0.00
    •  
  • 2270 Meadowbrook Lane Carson City, NV 2
    • 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1985 3 beds 2 baths ∙ 1,310 Sqft ∙ Built 1985
    property image
    LEASED 05/28/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,575
    • $1.20
    •  
  • 3371 Kitchen Dr Carson City, NV 3
    • 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1987 3 beds 2 baths ∙ 1,280 Sqft ∙ Built 1987
    property image
    LEASED 07/23/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,650
    • $1.29
    •  
  • 2766 Pinebrook Dr Carson City, NV 4
    • 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1992 3 beds 2 baths ∙ 1,398 Sqft ∙ Built 1992
    property image
    LEASED 09/16/20
    • Rent
    • Rent Per SQFT
    •  
    • $1,800
    • $1.29
    •  
PROPERTY LISTING DETAILS
Christina Rice
Rcm Realty Group
Trevor Steadman
1.866.250.5610
Mynd Property Management
1453579
Northern Nevada Regional MLS ( NNRMLS)
MLS #: 210002590
Last Updated: 03/07/2021
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